Ukraine’s exports cut by 57.9% in Mar 2022

The relevant statement was made by the Ukrainian State Statistics Service, an Ukrinform correspondent reports.

“In March 2022, compared to February 2022, the seasonally adjusted export volumes reduced by 57.9%, import volumes – by 75.8%. The seasonally adjusted foreign trade balance was positive in March 2022, totaling $819.4 million,” the report states.

According to the Ukrainian State Statistics service, the foreign trade balance was negative in February 2022 ($969.0 million).

Meanwhile, in the first quarter of 2022, Ukraine’s exports of goods reached $14,100.7 million (or 102.9% compared to the first quarter of 2021), imports – $14,132.3 million (or 94.4%). The negative foreign trade balance was $31.6 million (compared to the negative foreign trade balance of $1,271.6 million in January-March 2021).

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